Podcast: 20 Government Shutdowns and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

-in order for the market to be dubbed a bear. And investors seem to hear some growling.

But perhaps the bear market is already here. Nearly half of the stocks in the S&P 500 index have fallen about 20% in the first week of December, so says Charles Schwab’s Liz Ann Sonders.

And maybe this is how it all begins. Not with all the major stock indexes plunging all at once, but small breakdowns here and there. Call it a stealth bear.

And S&P stayed managed to stay above that level, despite plunging on Friday.

Why? China’s economy, the world’s second-largest, began flashing warning signs. And that stoked investors’ worst fears-a slowdown in global synchronized growth. China’s industrial production and retail sales disappointed, which seemed to confirm the trade war is taking a toll.

That, in part, is why the S&P is experiencing its worst start to December since 1980, when it fell more than 9% in the first nine trading days.

-and half of those happened on weekends.

There’s another one looming this week, but investors shouldn’t get too nervous.

As commons as shutdowns are, the stock markets generally shrug them off. The S&P 500 has actually risen during the five most recent shutdowns, says one analyst. On average, stocks slip just a little-or just under half a percentage point.

Numbers by Barron’s is a new daily podcast. Find out morehere.

This episode was hosted by Crystal Kim.

Write to Crystal Kim at crystal.kim@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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